WikiFX

Reply

After conducting my due diligence as someone who approaches new brokers with caution, I can share my perspective on trading with Hicend. On the positive side, Hicend stands out for being officially regulated in China under a CFFEX futures license, which adds a layer of credibility that I personally prioritize. The length of its operation—having been established for over five years—suggests a certain degree of reliability and organizational stability in the often-volatile financial services sector. I also appreciate the diverse selection of supported trading platforms, both desktop and mobile, giving traders flexibility depending on their needs. However, my experience has taught me to weigh drawbacks carefully, and several stand out with Hicend. Notably, they do not offer demo accounts, which I consider a significant limitation. For traders who like to test platforms and strategies risk-free before committing real money, this can be a barrier. Also, Hicend charges both application and handling fees, potentially increasing the overall cost of trading compared to brokers with lower or more transparent fee structures. Traders should also note that Hicend is specialized: their product range is limited to futures, metals, energy, and chemicals—they do not provide forex, indices, or other asset classes. Customer support seems comprehensive, but clarity is lacking about account types and specific trading conditions, which I always look for before choosing a broker. Given these factors, I view Hicend as a legitimate but specialized broker, suitable for experienced traders focused on Chinese futures markets, so long as they remain mindful of the limitations and costs involved.